Gibson guitars

The Nashville-based Gibson Guitar Company agreed this week to settle its imported wood case with Federal investigators who raided the firm and confiscated pieces of ebony that were going to be used for guitar fingerboards. U.S. Senator Rand Paul told WKU Public Radio that he doesn't blame Gibson for paying three hundred thousand dollars to settle a case that could have cost millions in legal fees.

Federal Prosecutors say a deal has been reached to drop the criminal case against Gibson Guitar Corporation. A highly publicized raid of the company’s Nashville facilities had drawn controversy for several months. The company, which manufactures some of the best-selling guitars in the world, will pay a 300 thousand dollar fine.